URL: https://democracy.basingstoke.gov.uk/ieDecisionDetails.aspx?ID=500000006

Decision Maker: Cabinet, Council

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose: This report provides an update on the capital programme and Capital Programme Strategy for 2026/27 to 2029/30 for approval.  

Content: This report provides an update on the capital programme and Capital Programme Strategy for 2026/27 to 2029/30 for approval.   Cabinet:   1)      Note the addition of £31.140M to the capital programme requiring approval to spend and the removal of capital scheme savings of £3.025M which gives rise to a net increase of £28.115M to the overall capital programme as detailed in sections 4 to 6 and Appendix 2 of the report.   2)      Note the revised capital programme which totals £129.276M as detailed in sections 2 to 9 and Appendix 1 of the report and the associated use of resources.   3)      Note the rephasing and scheme virements as set out in sections 7 and 8 and as detailed in Appendix 3 of the report.   4)      Note the capital programme remains fully funded from the council’s own resources up to 2029/30 based on the latest forecast of available resources.   5)      Note the CIL Spending Report as attached as Appendix 4 of the report.   6)      Note that a review of the Capital Programme Strategy has been undertaken as detailed in section 11 and the updated Capital Programme Strategy is attached as Appendix 5 of the report.   Cabinet recommend Council: To   7)      Agree the addition of £31.140M to the capital programme and the removal of scheme underspends of £3.025M, which gives rise to a net increase of £28.115M to the overall capital programme as detailed in sections 4 to 6 and Appendix 2 of the report.   8)      Approve the revised capital programme, which totals £129.276M (as detailed in sections 2 to 9 and Appendix 1 of the report) and the associated use of resources.   9)      Approve expenditure being incurred on capital schemes in accordance with the revised capital programme and the Financial Regulations.   10)  Approve the rephasing and scheme virements as set out in sections 7 and 8 and as detailed in Appendix 3 of the report.   11)  Note that the capital programme remains fully funded from the council’s own resources up to 2029/30 based on the latest forecast of available resources.   12)  Note the CIL Spending Report attached as Appendix 4 of the report.   13)  Approve the Capital Programme Strategy shown as Appendix 5 of the report, which includes the council’s Infrastructure List shown as Annex 2.

Date of Decision: February 10, 2026